Corbus Pharmaceuticals

Corbus Pharmaceuticals

CRBP
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CRBP · Stock Price

USD 10.87+4.42 (+68.53%)
Market Cap: $192.6M

Historical price data

Market Cap: $192.6MPipeline: 10 drugs (2 Phase 3)Founded: 2009HQ: Norwood, United States

Overview

Corbus Pharmaceuticals is a clinical-stage biotech focused on developing innovative treatments for cancer and obesity, two of the most pressing global health challenges. Its strategy centers on optimizing known therapeutic modalities: a next-generation Nectin-4-targeting ADC (CRB-701) designed to improve upon first-generation toxicity, and a peripherally-restricted CB1 inverse agonist (CRB-913) aimed at achieving weight loss without central nervous system side effects. The company has advanced both lead assets into Phase 1 clinical trials, secured Fast Track designation for CRB-701 in specific cancers, and is positioning itself in multi-billion dollar markets with high unmet need.

OncologyMetabolic Disease

Technology Platform

Program-specific optimization of known modalities: next-generation ADC engineering with site-specific conjugation for oncology, and peripheral receptor targeting for metabolic disease.

Pipeline

10
10 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
Lenabasum 5 mg + Lenabasum 20 mgDiffuse Cutaneous Systemic SclerosisPhase 3
Lenabasum 20 mg + Lenabasum 5 mg + PlaceboDermatomyositisPhase 3
JBT-101 + PlaceboSystemic Lupus ErythematosusPhase 2
Lenabasum 20 mg + Lenabasum 5 mgCystic FibrosisPhase 2
JBT-101 (lenabasum)Cystic FibrosisPhase 2

Funding History

4
Total raised:$260M
PIPE$100M
IPO$75M
Series B$60M
Series A$25M

Opportunities

Corbus targets two massive markets: a multi-billion dollar Nectin-4 ADC oncology market with a candidate designed for improved safety, and the explosive obesity pharmacotherapy market with an oral, peripherally-acting agent.
Success in either could generate significant shareholder value.

Risk Factors

High clinical failure risk for both early-stage assets; intense competition from established therapies (PADCEV, GLP-1s); potential for dilution from future capital raises; and the critical need to demonstrate clear differentiation in safety and efficacy.

Competitive Landscape

CRB-701 directly challenges the entrenched Nectin-4 ADC PADCEV, requiring clear proof of superior tolerability. CRB-913 enters the fiercely competitive obesity market dominated by highly effective GLP-1s, needing to show compelling efficacy and a clean CNS safety profile to carve out a niche.

Company Timeline

2009Founded

Founded in Norwood, United States

2015Series B

Series B: $60.0M

2016IPO

IPO — $75.0M

2020PIPE

PIPE: $100.0M